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Seller News: Gold Prices Continue to Soar

November 29, 2010 by Administrator · Leave a Comment 

San Diego Gold PricesThe folks at the Gold and Silver Blog have been writing informative material on the strength of the gold market. According to the GSB, the consistent rise in gold prices has been due to factors such as concerns regarding weak currencies and unstable foreign governments. In addition, gold has been viewed as a safe haven investment and has been attracting an increasing share of investment dollars. Despite the recent leveling off of gold prices, many market experts are predicting a continued rise in prices over the long term, says the blog.

According to recent market reports (as of November 26), SPDR Gold Trust (GLD) stated that its holdings remained unchanged from the previous trading day at 41,316,740 ounces. The IShares Silver Trust (SLV) stated that its holdings declined by 5,865,684 ounces to 344.374 million ounces. Market experts have suggested that the holding pattern, as well as the slightly lowered prices indicate a decrease in safe haven demand. Recent data on the economic situation in the US has at least temporarily arrested some of the more pressing fears about the economy, and the price of gold has typically risen and fallen inversely to the strength of the dollar.

What this all means for those in San Diego and greater California who want to sell gold is that the times remain good for receiving top prices for your gold jewelry, dental gold, scrap gold, and other gold items at a San Diego gold refinery or other precious metal buyer. Will you be able to get a better return if you hold on to those item for a little while longer? Maybe. But, of course, gold prices could also fall soon, as well. All we can say for sure is that current gold prices will give San Diego sellers a strong return on their luxury gift assets made of gold.

Pawn Shops May Benefit from Fall of Jewelry Retailers Friedman’s & Whitehall

September 26, 2008 by Administrator · Leave a Comment 

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Local San Diego pawn shops stand to profit from having two less competitors in the crowded retail jewelry market. National Jeweler Magazine reports that Friedman’s Jewelers filed for Chapter 11 bankruptcy protection in January, with Whitehall following suit in June. Read more

Advice For Dental Gold Sellers from San Diego Buyers

September 26, 2008 by Administrator · Leave a Comment 

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This Week’s Gold Seller Question:

What is a good price for dental gold scraps by the gram?

Answer From: San Diego Jewelry Buyers

Depending on the gold purity of your dental scraps, we would be paying you roughly between $10.00 and $20.00 per gram. Let me explain how that works: Dental gold scraps can vary in actual karat rating (gold purity) from between 40% gold content all the way up to as high as 80%. So, for example, if gold is trading on the market at $900 per troy ounce, and your scraps tested at 40% gold purity, then we would be paying you $9.83 per gram. If your scraps tested at 80% gold purity, then we would be paying you $19.67. These figures are calculated at 85% of gold’s current trading price, to leave room for operating and refining costs, and to cover risk of gold prices taking a sudden drop. These figures are based on the assumption that you have only a small quantity of gold (less than one ounce), but in case you have a lot of dental gold we sometimes pay higher for larger quantities.

We tell customers that the best thing to do is come into our office so that we can test the karat rating of their dental gold scraps, and let us make them an offer. There is no obligation to sell to us, and we offer this service free of charge. We’re available any time from 9:00 AM till 4:00 PM Monday through Friday, no appointment necessary. Our office is located at 861 Sixth Avenue (between E Street and F Street), in the Jewelers Exchange Building, downtown San Diego (in the Gaslamp District). We’re at the far right corner of the ground floor, suite number 125. Please ask for Carl Blackburn. You may call ahead if you’d like, to let us know what time you’ll be coming in, our telephone number is (619) 236-9603.

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Here at the San Diego Luxury Pawn Shop Report we are always looking for unusal news stories that jewelry lovers might be intrigued or surprised by. Here’s a good item: Lesotho Unearths 478 Carat Diamond!

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